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. >>> they are trying avert the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then the public inoculation will be -- inauguration will be sunday. >>> he frequently visits the plaza and unusual charges started showing up on her husband's credit card several months ago. >> there was $700 at washington state. 2600 at mcdonald in nevada and $1.50 at embassy sweet and some -- suite and someplace i never heard of. >> the pub owner said he is spending $10,000 to upgrade his computer system and most of the banks had charges that were not theirs as well. >>> and a shooter targeted a house filled with people including children. we will have more from gilroy. >>> she was sexually abused in the $1,990. a scie
. >>> they are trying avert the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then...
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Nov 28, 2012
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cliff. -- fiscal cliff. instead he is taking his pitch to the public. >> reporter: instead of negotiating directly with republicans, president barack obama's schedule is focused on a more public outreach. they ask for public feedback and the obama campaign is more detailed about the president's plan to avid the visibility -- avoid the fiscal cliff. he met with small business owners and he meets with ceos and in middle-class families today and he takes his message on the road friday and republicans say, enough campaigning. >> it seems our friends on the other side are having difficulty turning off the campaign, we need sit down and work this matter out. >> reporter: they have a my 2k retch reference to -- reference to the 2,200 dollars tax increase that middle-class americans would see if the bush era taxes are not extended. ktvu channel 2 morning news allison burns. >>> time now 6:16, well the florida socialite involving general david petraeus is now speaking out. jill kelley hired a well-known lawyer in was
cliff. -- fiscal cliff. instead he is taking his pitch to the public. >> reporter: instead of negotiating directly with republicans, president barack obama's schedule is focused on a more public outreach. they ask for public feedback and the obama campaign is more detailed about the president's plan to avid the visibility -- avoid the fiscal cliff. he met with small business owners and he meets with ceos and in middle-class families today and he takes his message on the road friday and...
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Nov 26, 2012
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watching was born on with the fiscal cliff he is calling from some really big high-tech. his stated that 30 percent of people and those making more than that >> keep the mind that warm the fed wants lower tax brackets and he thinks the prop. 13 best guess there's really no right answer to approe fiscal cliff. the markets are nearing afternoon i and as we approach this he thinks and others think that the markets could go higher. it will be very edge as in to see where we end up. upper-class and most of america. we have a lot of work ahead o >> i think we should compromise. we have not heard that word in washington for what. >> will be back with winners and losers. >> the executive director of is salvation army warehouse has been fired after still a donated items were found in another storage facility. a hundred calls a tourism boxfuls a full work an estimated $2 million were taken from the salvation army warehouse in toronto. police said there was enough food to fill up three tractor trailers. an investigation was launched after a whistle blower alerted authorities last au
watching was born on with the fiscal cliff he is calling from some really big high-tech. his stated that 30 percent of people and those making more than that >> keep the mind that warm the fed wants lower tax brackets and he thinks the prop. 13 best guess there's really no right answer to approe fiscal cliff. the markets are nearing afternoon i and as we approach this he thinks and others think that the markets could go higher. it will be very edge as in to see where we end up....
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Nov 28, 2012
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ceo and other leaders today to discuss the looming fiscal cliff. they are still trying to hammer out some kind of compromise. to avoid tax increases that would kick in starting january 1. >>> yeah, meyers has been quiet since taking the reins at yahoo! back in july. >> she has been very busy. she just had a baby as well. we finally get to see meyers back in public. >> "fortune" magazine awarded her as one of the most powerful women in business. she did address her baby, saying being a new mom is actually easier than she expected and her job at yahoo! more fun than she expected. her secret, she says, is prioritizing. she referred to vince lombardi's three priority, god, family and the packers. >> you know, i think for me, it's god, family and yahoo!, in that order. >> why the packers? she grew up about two hours out of green bay. you can see more of the interview on the "today" show. coming up at 7:00. amazon says it can deliver a kindle by december 21st if you order today. kindle is the bet sell thing amazon has ever sold period. apple fired its ma
ceo and other leaders today to discuss the looming fiscal cliff. they are still trying to hammer out some kind of compromise. to avoid tax increases that would kick in starting january 1. >>> yeah, meyers has been quiet since taking the reins at yahoo! back in july. >> she has been very busy. she just had a baby as well. we finally get to see meyers back in public. >> "fortune" magazine awarded her as one of the most powerful women in business. she did address her...
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Nov 27, 2012
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. >>> and we are just about to fall off that he can not mix fiscal cliff, who the president is depending on to get that deal done. >>> well, good morning, it is a brand-new day, november 27th, i am dave clark. >> it is definitely lighter fog. >> yesterday was really bad but today there are still a couple of pockets and the system will be here tomorrow. temperatures will start off 40s and 50s and we will and up in the 60s but we will have more on this coming up in about accept minutes. here is tara. >>> you can see traffic flowing well and at the san mateo bridge, we don't have nearly as much fog as we did yesterday and we have smooth sailing as you head westbound into foster city. let's head back to the desk. >>> we have new information on that police standoff that has blocked people from returning home to treasure island and christian captain has more. it is certainly changing and unfolding. >> reporter: yes, we just moved from san francisco to oakland and if you look, the information sign is illuminated over the bridge advising people there is no access to treasure island and i just sp
. >>> and we are just about to fall off that he can not mix fiscal cliff, who the president is depending on to get that deal done. >>> well, good morning, it is a brand-new day, november 27th, i am dave clark. >> it is definitely lighter fog. >> yesterday was really bad but today there are still a couple of pockets and the system will be here tomorrow. temperatures will start off 40s and 50s and we will and up in the 60s but we will have more on this coming up in...
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Nov 28, 2012
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the dow is we are r talking with rob black. >> let's start off with the fiscal cliff. what is the latest angle. >> who cares. i am burned out on a. wall street is burned out on a. the ideal love it is not goal is to bay any thing that can be compromised. there will be a compromise in january but the problem will not have a pre january. the republicans want to get something out of this and they are both scrambling. we would just have to pay higher taxes. we did before will do it again. it is very sad because there's not very good luck in washington. >> what are the corporations and the 1% of people preparing for? >> corporations are calling wall street's and they're basically stating that they will have to fire people as they do not compromise. we will see a slowdown in business activities and it is what to be expected because it is normal. we expect the worst and as far as corporations are concerned we saw a lot of dividends before the wal- mart family. wal-mart stated that they will pull for their dividends in january and they basically will pay higher taxes out early
the dow is we are r talking with rob black. >> let's start off with the fiscal cliff. what is the latest angle. >> who cares. i am burned out on a. wall street is burned out on a. the ideal love it is not goal is to bay any thing that can be compromised. there will be a compromise in january but the problem will not have a pre january. the republicans want to get something out of this and they are both scrambling. we would just have to pay higher taxes. we did before will do it...
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Nov 27, 2012
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as for markets, most stocks closed lower as lawmakers prepared to debate so called fiscal cliff. your bloomberg silicon valley index a little higher. the new york man who claims to own part of facebook has been indicted for wire and mail fraud. he was arrestedézpk last month accused of0l"ty faking e mails m mark zuckerberg and fabricating other evidence to bolster claims he owns part of the social network. the lawsuit is spill(b stil pending. back to you. >> thank you. >> sandhya patel is here with weather. the last day or two, nice weather. >> enjoy it while it's lasts, right? we've had fog around tomorrow, more fog in the morning. mostly dry, then, storms move n we'll be talking about three storms when taking you outside. we're looking at fog. you can see high clouds moving in up above. let's check out live doppler 7 hd.ác@Ñ fog lifted a lit. -- bit. it hasn't cleared out. it's going to be likely dense again in patches roont. temperatures into 50s along the coast. 60 as cross the bay area. areas of fog overnight, wet, windy starting wednesday, more storms going into the week
as for markets, most stocks closed lower as lawmakers prepared to debate so called fiscal cliff. your bloomberg silicon valley index a little higher. the new york man who claims to own part of facebook has been indicted for wire and mail fraud. he was arrestedézpk last month accused of0l"ty faking e mails m mark zuckerberg and fabricating other evidence to bolster claims he owns part of the social network. the lawsuit is spill(b stil pending. back to you. >> thank you. >>...
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Nov 28, 2012
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. >>> it's 34 days away, the fiscal cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she said her top three priorities are god, family and yahoo!. we're going to hear more about this. meyer will be meeting with the president as well, the leader this afternoon. google also busy in washington. bloomberg reports larry page, the ceo, has been meeting with federal trade commission as we get this much closer to what many see as antitrust. at question, does google use its search results to strengthen its own business interests. for that and the rest of your news, we'll turn to bertha coombs at cnbc. >> good morning, scott. warren buffett right now on our squ
. >>> it's 34 days away, the fiscal cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is...
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Nov 29, 2012
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it would be fun to be there. >> no kidding and that "fiscal cliff" i'm sure is going to come up. >>> a new york city nanny pleads not guilty to charges that she killed two children. yoselyn ortega is accused of stabbing a 6-year-old girl and a 2-year-old boy who were in her care. she also stabbed herself and is still in the hospital. police say the mother returned home last month and found her children dead. >>> two bp rig supervisors and a former bp executive pled not guilty to criminal charges in the deadly deepwater horizon rig explosion from 2010. the supervisors are charged with manslaughter in the deaths of 11 rig workers. the former executive is charged separately with concealing information from congress about the amount of oil leaking from the well in the gulf of mexico. >>> parents are blasting an isolation booth at an elementary school in the state of washington. but school administrators say they need it. we'll let you judge for yourself. photos of the isolation booth went viral on facebook. looks like a big safe there. the original facebook poster criticized as abusive.
it would be fun to be there. >> no kidding and that "fiscal cliff" i'm sure is going to come up. >>> a new york city nanny pleads not guilty to charges that she killed two children. yoselyn ortega is accused of stabbing a 6-year-old girl and a 2-year-old boy who were in her care. she also stabbed herself and is still in the hospital. police say the mother returned home last month and found her children dead. >>> two bp rig supervisors and a former bp executive...
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. >> avoiding fiscal cliff new poll reveals what americans >>> good morning many rain continues to focus on the north bay now it will begin to shift east and south winds 30 to 40 miles an hour from pacifica to half moon bay. you can see yellows continue to push into sonoma and marin that's where the rain is beginning to pick up. bodega bay, santa rosa light returns further south blue, not much happening here, a few areas of light showers from 580 along san francisco, the peninsula, very light returns into the east bay still quiet the winds definitely getting woken up by those winds in the next two hours, 7:00 to 9:00 the rain will continue to come down moderately not behind the front now until noontime, very active weather, still to come. >>> right now we want to take you back out for live pictures. you can see on your left is san rafael, folks there are getting wet and the winds are the big issue. we have a tweet who just mentioned in sonoma they are getting a lot of rain. on the right paca, along the coast where you will find some of the most howling winds and fastest winds around ther
. >> avoiding fiscal cliff new poll reveals what americans >>> good morning many rain continues to focus on the north bay now it will begin to shift east and south winds 30 to 40 miles an hour from pacifica to half moon bay. you can see yellows continue to push into sonoma and marin that's where the rain is beginning to pick up. bodega bay, santa rosa light returns further south blue, not much happening here, a few areas of light showers from 580 along san francisco, the...
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Nov 27, 2012
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rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress signed and agreed to never vote for higher taxes. some of the right are willing to break that pledge of for the right deal. >> i will violate the pledge of long story short for the good of the country. only if democrats will do retirement reforms. >> we should not be taken by and clad positions >> grover norquist takes issue with that >> if you wanna go to your voters and say i promise you this and i'm breaking my promise you can have that conversation with them but your not having an argument with me. >> a new poll shows two- thirds of people prefer a budget plan with a mix of spending c
rethink possible. >> we're 36 days away from the fiscal cliff. lawmakers say the stakes are very high. the question tonight is that compromise in the air? >> 36 days ago until deep spending cuts and tax increases go into effect. >> we have been open to revenue by closing loopholes as long as this time the spending cuts >> there have to be compromises and seeking the middle of the road is not acceptable. is the only way forward. >> various republicans in congress...
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coming up avoiding the "fiscal cliff." what president obama is doing today to win the public support for his plan. >> plus cell phone video captures a gun pointed at a bay area driver. why the suspect followed the victim's car and opened fire. >>> rain is coming down in san anselmo. the storms are going to be so strong that people are worried about flooding. what they are degree to prepare. -- what they're doing to prepare. ♪[ music ] >>> we have had all kinds of windstorms and rainstorms, they are lots of fun. >> the bay area brace for a 1-2- 3 punch from mother nature. >> maybe even more scary than the rain is the wind with this system, boy, it's going to be whipping around the bay area! >> we are looking at winds up to 45 miles an hour with gusts up to 60! >> a couple shot in a terrifying case of road rage. >> took a few minutes for those men to pull handguns on that couple and it was all caught on tape. >> outrage over uc chancellor's $50,000 rage. >> republicans and democrats say there's been little progress in talk
coming up avoiding the "fiscal cliff." what president obama is doing today to win the public support for his plan. >> plus cell phone video captures a gun pointed at a bay area driver. why the suspect followed the victim's car and opened fire. >>> rain is coming down in san anselmo. the storms are going to be so strong that people are worried about flooding. what they are degree to prepare. -- what they're doing to prepare. ♪[ music ] >>> we have had all...
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all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. over thanksgiving, vice president joe biden took part in the annual cold turkey plunge fundraiser by jumping into the ocean. in fact the water wa
all the fiscal cliff, hey talk about us a little bit. we have our own fiscal cliff. if they act now we'll get this whole thing behind us and we can be profitable and focus on growing the postal business. >> thank you. good to have you here. >>> you don't often hear a supreme court justice tell americans to get over it. antonin calia said that about the bush-gore election. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we...
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Nov 27, 2012
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keep in mind, if we go over the fiscal cliff, taxes go up. but in order to avoid the fiscal cliff, it's likely washington would have to raise taxes anyway. so anyway dividends now are better than dividends later. >> interesting to see how this is all going to play out. thanks, scott. >> giving money for christmas is always easier than shopping and standing in line. thank you very much. >>> well, investigators right now trying to figure out exactly how shreds of sensitive documents ended up being tossed out as confetti during the recent macy's thanksgiving day parade. spectators in new york city last thursday noticed some of that confetti included social security and license plate numbers. that's not good. some even found notes about mitt romney's police motorcade when he visited new york last month. the debris didn't really bother santa too much but it appears to have originated from the police department in long island. >> i guess they looked like pretty big pieces of confetti. >> let me see what's on there. >> read the fine print. >>> all r
keep in mind, if we go over the fiscal cliff, taxes go up. but in order to avoid the fiscal cliff, it's likely washington would have to raise taxes anyway. so anyway dividends now are better than dividends later. >> interesting to see how this is all going to play out. thanks, scott. >> giving money for christmas is always easier than shopping and standing in line. thank you very much. >>> well, investigators right now trying to figure out exactly how shreds of sensitive...
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Nov 26, 2012
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. >>> time 6:11, avoiding the fiscal cliff, are both parties willing to compromise. >>> plus dangerous fun, the new concerns about a popular party activity. >>> and a driver trapped in this dangling truck, how he was finally pulled to steady ground. >>> i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought back with drug-free breathe right. these nasal strips instantly open my nose, like a breath of fresh air. i was breathing and sleeping better. [ female announcer ] exercise your right to breathe right. get two free strips at breatheright.com. hey it's your right to breathe right. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. truck as it dangled from an overpass >>> an oregon man spent nearly an hour trapped i
. >>> time 6:11, avoiding the fiscal cliff, are both parties willing to compromise. >>> plus dangerous fun, the new concerns about a popular party activity. >>> and a driver trapped in this dangling truck, how he was finally pulled to steady ground. >>> i have what science calls the nightly stuffy nose thing. i can't breathe, so i can't sleep. and the next day i pay for it. i tried decongestants... i tossed and turned... i even vaporized. and then i fought...
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Nov 26, 2012
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. >> ama: republicans are considering raising taxes to reserve is the fiscal cliff. it's a big change for those who swore an oath they would never raise taxes. david curly tells us why they are working on the change. >> with some of the holiday shopping done, president obama may be getting a gift from some republicans. republicans who signed a pledge never to raise taxes. this morning, a leading senator. >> i will violate the pledge, long story short, only if democrats will do entitlement reform. >> he says he won't necessarily abide by the pledge. support from a local house member, too? >> i agree with him. a pledge you signed 20 years ago is for that congress. the world has changed. the economic situation is different. >> they are talking about this man's pledge. americans for tax reform grover norquist who has gotten hundreds to sign. >> do you feel like you and your pledge is under assault? >> no. what the pledge allows elected officials to make it clear to the voters where they stand. are at the they going to be able to raise taxes or continue more of the tame s
. >> ama: republicans are considering raising taxes to reserve is the fiscal cliff. it's a big change for those who swore an oath they would never raise taxes. david curly tells us why they are working on the change. >> with some of the holiday shopping done, president obama may be getting a gift from some republicans. republicans who signed a pledge never to raise taxes. this morning, a leading senator. >> i will violate the pledge, long story short, only if democrats will do...
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Nov 29, 2012
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wall street thinking about the fiscal cliff. recent moves in washington do feel encouraging, so futures are positive. that can and does reverse itself pretty easily. and jon and laura, just a few minutes ago we got the latest gdp numbers. the u.s. economy grew 2.7% in the july to september quarter. that's better than expected. >> all right, scott, thank you very much. good vibrations there. >>> right now we are watching that weather as we get a little break before a second storm heads right here to the bay area. >> time to check in with meteorologist christina loren. >> a very active forecast continues. good morning to you. the first week of december is going to be kind of rough across the bay area. start with this live picture over san francisco where we don't have any fog. no rainfall in this area. yesterday we had three-hour flight delays, so the good news for travelers is it looks like flights are leaving on time this morning. we'll continue to track that for you. we have a lot of cloud cover overhead. you'll notice that as
wall street thinking about the fiscal cliff. recent moves in washington do feel encouraging, so futures are positive. that can and does reverse itself pretty easily. and jon and laura, just a few minutes ago we got the latest gdp numbers. the u.s. economy grew 2.7% in the july to september quarter. that's better than expected. >> all right, scott, thank you very much. good vibrations there. >>> right now we are watching that weather as we get a little break before a second storm...
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Nov 28, 2012
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well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend starting on thanksgiving. sales rose nearly 3% to $22 billion compared to last year. >>> and the surge in cyber monday shopping means big business for shippers. fedex says it expects to deliver 280 million packages during the holiday season. to handle the extra work, fedex has hired about 20,000 seasonal employees. guys, i got my first package yesterday on the front step and i had to run upstairs and hide it before anyone could see what it was. >> oh, nice. >> it begins. >> it does. >> are you a big adele fan? >> yes. i am a big adele fan and apparently she's doing pretty good right now. according to nielsen soundscan, her so
well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend...
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cliff. they will discuss now to avert tax increases and spending cuts due to begin in january. >>> little progress in talks between the white house and house speaker boehner. >>> if you the past few days wishing you had -- california may be getting into the big game power ball played in 42 other states. lottery officials meet today expected to adopt regulations to join power ball on the heels of the staggering jackpot of 579 million dollars two winning tickets were drawn, sold in arizona and missouri. california retailers could begin selling the $2 tickets next year would it bring in 90 to 120 middles to help supplement education spending in -- million dollars to help supplement education in -- spending. >>> let's see if we are winners the weather race today. i think we are if you count raindrops. >>> we are still looking at two bigger storms headed our way, light showers this morning, live doppler showing most activity in the north bay up through cloverdale, ukiah, a few showers offshore al
cliff. they will discuss now to avert tax increases and spending cuts due to begin in january. >>> little progress in talks between the white house and house speaker boehner. >>> if you the past few days wishing you had -- california may be getting into the big game power ball played in 42 other states. lottery officials meet today expected to adopt regulations to join power ball on the heels of the staggering jackpot of 579 million dollars two winning tickets were drawn, sold...
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Nov 28, 2012
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he's trying to sell the plans for the fiscal cliff, those that kick in at the end of the month. now, investors grow increasingly worried about whether congress should be able to avert the crisis. democrats and republics are deadlocked on a range of issue including the president's plan to raise taxes. republicans say the proud should quit campaigning. >> he's back on the campaign trail, presumably doing what we're all familiar with. >> so to suggestion that we should -- now that the election is over stop talking to them about these vital issues, i think is bad add -- bad advice. >> reporter: reporting live from washington, d.c. alison burns, ktvu channel 2 news. >>> 400,000 unemployed californians are closely watching the fiscal cliff. that's because benefits are due to expire december 29th unless congress extends them. >>> well, texas city leaders are asking for advanced warning in the event same-sex becomes formally legalized. this coming friday, the u.s. court will decide whether to review the challenge to prop 8. california's voter apressured ban on gay marriage. now, if the
he's trying to sell the plans for the fiscal cliff, those that kick in at the end of the month. now, investors grow increasingly worried about whether congress should be able to avert the crisis. democrats and republics are deadlocked on a range of issue including the president's plan to raise taxes. republicans say the proud should quit campaigning. >> he's back on the campaign trail, presumably doing what we're all familiar with. >> so to suggestion that we should -- now that the...
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Nov 26, 2012
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. >> congress returns this week without much can evidence of real progress on avoiding the fiscal cliff. members of congress expect optimism today about the prospects of reach ago deal to avoid the sear of tax increases and spending cuts. democrats and the president wants to raise tax rates for the wealthy, republicans don't. there are more now breaking with grover nord qwest had gotten a majority of republican lawmakers to not support any effort to raise taxes. this morning, senator lindsey graham said that for the good of the country he is ready to violate the antitax pledge. >> i think grover is wrong when you can't cap deductions and buy down debt. i want to buy down debt and create jobs but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> it's not clear when lawmakers and the president will meet next. >> fans of comediancast william are suing him after a performance in oklahoma. >> we now know what is behind a gas explosion in massachusetts. >> the items you'll most likely see the biggest discounts on cyber mo
. >> congress returns this week without much can evidence of real progress on avoiding the fiscal cliff. members of congress expect optimism today about the prospects of reach ago deal to avoid the sear of tax increases and spending cuts. democrats and the president wants to raise tax rates for the wealthy, republicans don't. there are more now breaking with grover nord qwest had gotten a majority of republican lawmakers to not support any effort to raise taxes. this morning, senator...
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still, the lingering concern about the fiscal cliff, not helping right now. the markets are coming back a little bit the dow is down 15. nasdaq is up 2. s&p flat. cyber monday was more successful than originally forecast. experts expected sales to be up 20%. with you this morning -- but this morning, ibm's benchmark said they were up almost 28%. this is significant for california, since this is the first cyber monday where the state can collect sales tax from those purchases made in the state. >>> nintendo said they sold more than 400,000 consoles in the first week it was available. the company said that's every console in stores. executives cannot say how many more consuls will be available between now and christmas. >>> this week, president obama begins a full-scale push to win support for his plan to avoid the so-called fiscal cliff. alison burns is live in our newsroom to tell us about the president's schedule and if a deal is closer. >> reporter: dave, president obama is hosting small business owners at the white house today to make the case for extendin
still, the lingering concern about the fiscal cliff, not helping right now. the markets are coming back a little bit the dow is down 15. nasdaq is up 2. s&p flat. cyber monday was more successful than originally forecast. experts expected sales to be up 20%. with you this morning -- but this morning, ibm's benchmark said they were up almost 28%. this is significant for california, since this is the first cyber monday where the state can collect sales tax from those purchases made in the...
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investors closely monitoring lawmakers as they try to avert that fiscal cliff. you can see the dow up possibly optimism with secretary geithner meeting with senate leaders today. we give live to the new york stock ex >>> good thursday morning i'm meteorologist lisa argen. starting out with live doppler, wet roads in the north bay from cloverdale to clear lake it is very light rain but the showers are around from fremont into the south bay we are looking at very light returns this will be the case throughout much of the day today as we wait in anticipation for this next stronger storm system to head our way it to bring more rain, gusty winds and it will last through the overnight hours into tomorrow morning. this morning, through the afternoon light showers and a little break out there, with breezy winds. >>> 6:43. >> time to check with josh elliot for what is coming up on "good morning america." to g. do not miss a minute all coming up on "good morning america". >> josh tell scottie he's the bravest man i've ever seen. >> i agree. scottie eric says you are the b
investors closely monitoring lawmakers as they try to avert that fiscal cliff. you can see the dow up possibly optimism with secretary geithner meeting with senate leaders today. we give live to the new york stock ex >>> good thursday morning i'm meteorologist lisa argen. starting out with live doppler, wet roads in the north bay from cloverdale to clear lake it is very light rain but the showers are around from fremont into the south bay we are looking at very light returns this will...
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Nov 28, 2012
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., the president meeting with corporate executives today discuss that fiscal cliff. scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his version of what we should do about the cliff. myers spoke in a fortune magazine clip last night. her secret, she says, is prioritizing, she referred to green bay packers vince lombardi's three priorities, god, family and the packers. >> for me, it's god, family and yahoo! in that order. >> why the packers comparison? meyer drew up in wasaw, wisconsin. >>> we go back to the summit on highway 17 and check in with bob redell with the wind conditions there. bob, luke soaked? >> reporter: yeah, it's slightly wet up here. we've got a break, that's one thing that chp is pointing out just becaus
., the president meeting with corporate executives today discuss that fiscal cliff. scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his...
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Nov 29, 2012
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. >>> about the only good thing in the fiscal cliff is it keeps greece out of the news. let's turn to bertha coombs live at cnbc world headquarters. >> reporter: yeah, we seem to live and die by the headlines, whether the talk is happy or not coming out of washington but retailers will be in focus as they report their november sales today. despite the strong start to the holiday season, analysts expect sales to be 1.6% rise. the east coast will have a big impact from hurricane sandy. we've got target and macy's both below expectations. but on a high note small businesses hit it big on cyber monday. the digital research firm big commerce said a surge in orders drove overall revenue for small chains and mom and pop stores up 25%. the average order price was also 8% higher. online shoppers bought so much stuff local retailers were averaging about two orders per second and that is about four times the normal daily volume. but i don't know, i like shopping in store at a small boutique, mom and pop store, but i do shop online for the big department stores. maybe i'm alone on t
. >>> about the only good thing in the fiscal cliff is it keeps greece out of the news. let's turn to bertha coombs live at cnbc world headquarters. >> reporter: yeah, we seem to live and die by the headlines, whether the talk is happy or not coming out of washington but retailers will be in focus as they report their november sales today. despite the strong start to the holiday season, analysts expect sales to be 1.6% rise. the east coast will have a big impact from hurricane...
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Nov 26, 2012
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we're closing in on that fiscal cliff. the new action on capitol hill to keep us from careening over the edge in a live report. >>> also a bay area hospital sues the los angeles dodgers. the landmark lawsuit that has one giants fan caught right in the middle. >>> 5:42. it is back to work for congress as it tries to avoid the so-called fiscal cliff. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. nbc bay area's danielle leigh is live on capitol hill this morning and joins us with the very latest. good morning, danielle. >> reporter: good morning. lawmakers will be resuming those negotiations today, still facing many of the same sticking points that have held up talks so far. the two big ones being on one hand tax increases, which republicans have resisted, and on the other, cuts to programs like social security and medicare, which democrats have resisted. but the good news is that after this thanksgiving weekend, we are seeing and hearing signs of a compromise.
we're closing in on that fiscal cliff. the new action on capitol hill to keep us from careening over the edge in a live report. >>> also a bay area hospital sues the los angeles dodgers. the landmark lawsuit that has one giants fan caught right in the middle. >>> 5:42. it is back to work for congress as it tries to avoid the so-called fiscal cliff. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. nbc bay area's...
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they have 35 days to come up with an agreement before going over the so-called fiscal cliff. the white house announced that president obama will be hitting the road in an effort to win public support for his plan. he is meeting with business leaders friday he is going to for a factory in pennsylvania. the campaign style trip is in a tent to build pressure on congress through public support rather than the behind closed doors support used in last summer's and that talk. that is not sitting well with the senate minority leader. >> there is some concern i read this morning that the president plans to hit the road next week to drum up support for his own personal approach to be short and long term fiscal challenges we face. in other words rather than sitting down with lawmakers of both parties in working out an agreement he is back on the campaign trail. presumably with the same old talk that we are all quite familiar with. we already know that the president is a good campaigner, we congratulate him on his reelection. we don't know is if he has leadership qualities necessary to r
they have 35 days to come up with an agreement before going over the so-called fiscal cliff. the white house announced that president obama will be hitting the road in an effort to win public support for his plan. he is meeting with business leaders friday he is going to for a factory in pennsylvania. the campaign style trip is in a tent to build pressure on congress through public support rather than the behind closed doors support used in last summer's and that talk. that is not sitting well...
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Nov 21, 2012
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without a deal the fiscal cliff could trigger a recession next year and congress must act by january 1st in order to avoid that automatic tax increase and spending cuts. >>> time is 6:15. a new stumbling block for hillary clinton's chances to reach a middle east cease fire. a bus explosion in tel aviv. alison burns is live in our washington, d.c. newsroom. alison. >> reporter: dave, we received a statement from the white house within the past hour calling the attack on innocent civilians outrageous. israelis say it was a terrorist attack the bus bombing in tel aviv hurt at least 18 people. three seriously. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who is in egypt at this hour also issued a statement saying the u.s. strongly condemns the attack and ready to provide any assistance that israel requires. secretary clinton is is calling for a truth and longer term agreement. >> the goal must be a durable outcome that promotes regional -- >> reporter: prior to the bus bombing there were high hopes for a cease fire after seven days of viol
without a deal the fiscal cliff could trigger a recession next year and congress must act by january 1st in order to avoid that automatic tax increase and spending cuts. >>> time is 6:15. a new stumbling block for hillary clinton's chances to reach a middle east cease fire. a bus explosion in tel aviv. alison burns is live in our washington, d.c. newsroom. alison. >> reporter: dave, we received a statement from the white house within the past hour calling the attack on innocent...
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bernanke says without a deal, the fiscal cliff could trigger a recession next year. congress has to act by january 1st in order to avoid the automatic tax hikes and spending cuts. >>> secretary of state hillary clinton's efforts to help broke aerocease fire in the united states is fading -- breaker a cease fire in the united states is fading. >>> there are reports this hour that israelis are stepping up air strikes in gaza in retaliation for this bus explosion in tel aviv. israelis are calling it a terrorist attack that hurt at least 18 passengers anaphia bystanders. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who was in egypt just issued a statement saying the u.s. strongly condemns the attack and ready to provide assistance that israel requires. secretary clinton is calling for a cease fire but also trying to negotiate a longer term solution. >> the goal must be a durable outcome that promotes regional stability and advances the security and legitimate aspirations of israelis and palestinians alike. >> reporter: pri
bernanke says without a deal, the fiscal cliff could trigger a recession next year. congress has to act by january 1st in order to avoid the automatic tax hikes and spending cuts. >>> secretary of state hillary clinton's efforts to help broke aerocease fire in the united states is fading -- breaker a cease fire in the united states is fading. >>> there are reports this hour that israelis are stepping up air strikes in gaza in retaliation for this bus explosion in tel aviv....
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whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a water main break caused this mess along several streets in daly city november 13th crews have been going around the clock to shore up parts of that hill to keep debris from flowing into the neighborhood daly city has spent almost half a million dollars to repair the damage. >>> in iraq residents of a baghdad neighborhood are cleaning up following a car bombing the blast killed five on a day when insurgents launched taxes against security forces and civilians in central and northern iraq yesterday, 30 were killed, dozens wounded. >>> in egypt several hundred protesters continue to clash with
whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a...
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the fears of fiscal cliff have that consumers worry. the dow's at 12,933 >> the time is 8 to 05 a.m. and let's take a live look at the approach to the bay bridge. george lab the updates on the drive times and hot spots. erika will have details on when the rain will start when we continue. >> new video world news from to rear square in cairo. there have been clashes between police and protesters. there's a mass rally against the decree against muhammed more see granting themselves broad power. more seat stuck by his controversial decree and his meeting with judges that was aimed at diffusing the worst political crisis since his election in june >> yasser arafat's body has been exhumed to find out whether and not he it was poisoned. he died nearly a decade ago due to a sudden illness. the new investigation started earlier this year after authorities say high levels of a radioactive substance were found on arafat's personal belongings. >> susan rice has been under fire for how she handled the initial release of information about the deadly
the fears of fiscal cliff have that consumers worry. the dow's at 12,933 >> the time is 8 to 05 a.m. and let's take a live look at the approach to the bay bridge. george lab the updates on the drive times and hot spots. erika will have details on when the rain will start when we continue. >> new video world news from to rear square in cairo. there have been clashes between police and protesters. there's a mass rally against the decree against muhammed more see granting themselves...
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from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no media will be allowed. >>> powerball ticketholders are checking their numbers twice today. >> yeah. good luck. the record-breaking jackpot $588 million. the numbers drawn last night just in case 5, 16, 22, 23, 29 and the powerball number was 6. two winning tickets sold in arizona and missouri. californians may be able to cash in though on powerball prices next year. it's not in our state but lottery officials are meeting this morning up in sacramento trying to hammer out details that would allow the golden state to join the 42 other states in the po
from falling off the "fiscal cliff." treasury secretary tim geithner and a white house aide plan to visit with the four house and senate leaders. they hope to find common ground on how to avert a series of tax increases and spending cuts scheduled to begin in january. >>> president obama will have lunch with mitt romney today the first time they meet face to face since their debate before the election. the event at the white house will be private. no aides will be present. no...
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back to work for congress as it tries to avoid the so-called fiscal cliff. republicans and democrats have signed and signalled they may be ready to compromise on a hot button issue like tax increases. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. >>> the u.s. supreme court justices will decide this week whether to hear a case challenging the defense of marriage act, which prohibits the government from recognizing same-sex marriages. a married lesbian couple from san francisco is suing because they cannot share benefits on an employer-sponsored health care plan. >>> online retailers hope consumers will get online today for cyber monday. the research firm predicts americans will spend $1.5 billion on this cyber monday, which could be a 20% jump from last year. just don't get yourself fired if you're working. >> thanks for joining us. we'll have a local upday at 7:25. okay. >>> good morning. point, click, buy. americans expected to spend $1.5 billion today shopping online. we'll tell you why this
back to work for congress as it tries to avoid the so-called fiscal cliff. republicans and democrats have signed and signalled they may be ready to compromise on a hot button issue like tax increases. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. >>> the u.s. supreme court justices will decide this week whether to hear a case challenging the defense of marriage act, which prohibits the government from recognizing...
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cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get some data on demand for durable goods, home prices and consumer confidence. the dow slipping back below 13k losing 42 points to 12,967. the nasdaq edging up nearly 10 to 2976. and i would do a campaign not to vote for marissa mayer for "time" person of the year. remember when we had the head of amazon on the cover of "time" back in 2000. i think there's a little jinx in that. a little like the si jinx. so don't vote for her. >> fair enough. no on mayer, that's our position. bertha koomcoombs, thank you mu >>> remem
cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get...
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. >>> lawmakers are determined to find a way to avoid sending the country off the fiscal cliff. congress has 45 days to come to an agreement on deficit reduction and if they don't spending cuts will go into effect january 31st. both sides are willing to compromise. >>> it is my decision to put them down and violate the pledge, long story short only if democrats will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happ
. >>> lawmakers are determined to find a way to avoid sending the country off the fiscal cliff. congress has 45 days to come to an agreement on deficit reduction and if they don't spending cuts will go into effect january 31st. both sides are willing to compromise. >>> it is my decision to put them down and violate the pledge, long story short only if democrats will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise...
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little progress on the "fiscal cliff" talks in washington... translated to zero gains on wall street today. the dow closed the day down 89-points.. taking a sharp drop during afternoon trading after senate majority leader harry reid expressed frustration about the negotiations. both the nasdaq and s- and-p 500 also posted losses. a day after announcing they had lost wide receiver kyle williams for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter with an ankle injury. (male announcer): now, here's stanley roberts who found people behaving badly. blog. this is not difficult to find these collection bins. they would believe that your donating things for charity. >> how are you are donating because that is what is on the box. and yes, they will word is used words like to donate but it says for profit. and the interesting thing is that they do not even know how they got here. this one and safeway has been here for a while. these are right outside of a rite aid have been out for four years. and this out of an auto
little progress on the "fiscal cliff" talks in washington... translated to zero gains on wall street today. the dow closed the day down 89-points.. taking a sharp drop during afternoon trading after senate majority leader harry reid expressed frustration about the negotiations. both the nasdaq and s- and-p 500 also posted losses. a day after announcing they had lost wide receiver kyle williams for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter...
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. >>> companies cutting back on business travel before the potential fiscal cliff, usa today says. one company will spend $20 billion less in the next two years if the fiscal cliff happens. >>> the boston herald reports massachusetts highway safety director is resigning. sheila burgess came under fire because her driving record includes seven accidents, four speeding violations and a ticket for not wearing a seat belt. did we mention she's the highway safety director? this week, the governor said it was a screw up his words, to hire burgess for that job. she cites health reasons for her resignation. >>> and the telegraph says the pope says in his new book that christ was born earlier than commonly thought. he says dennis small made that mistake many years ago and nobody caught it. many believe he was born between 17 bc and 200 bc. >>> good morning, and happy thanksgiving! weather outside looking very nice as we expect high pressure to build in overhead. temperatures warming up very nicely toward the afternoon a little chilly early on today. but the latter part of the day mostly sun
. >>> companies cutting back on business travel before the potential fiscal cliff, usa today says. one company will spend $20 billion less in the next two years if the fiscal cliff happens. >>> the boston herald reports massachusetts highway safety director is resigning. sheila burgess came under fire because her driving record includes seven accidents, four speeding violations and a ticket for not wearing a seat belt. did we mention she's the highway safety director? this...
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. >> in the fiscal cliff is inching closer and closer by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers have just over a month to reach an agreement to
. >> in the fiscal cliff is inching closer and closer by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business...
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a package of tax hikes and spending cuts known as the fiscal cliff will take effect in january unless congress can do something to balance the budget. >>> happening right now workers at walmart stores starting to walk off the job during the big holiday shopping rush. i want to take you to texas just got this in. workers walked off the job right as shoppers were getting ready to go into the store. other protests are planned in walmarts throughout the bay area. employees say they want walmart to pay better wages. while some say they will still shop at al port others say -- walmart others say they will support those workers. >> if they walk out, i'm not going to shop until they settle with them. you can bet that. >> the picketers were planning to protest outside of sam club stores. >>> in sacramento there were very tense moments for shoppers. you can see there the cameras are rolling when one k-mart shopper threatened to stab others were people started shoving to get inside that store. many people said there should have been more security because they did not feel safe. >>> millions of p
a package of tax hikes and spending cuts known as the fiscal cliff will take effect in january unless congress can do something to balance the budget. >>> happening right now workers at walmart stores starting to walk off the job during the big holiday shopping rush. i want to take you to texas just got this in. workers walked off the job right as shoppers were getting ready to go into the store. other protests are planned in walmarts throughout the bay area. employees say they want...
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the so-called fiscal cliff. bernanke says without a deal, the fiscal cliff could trigger a recession next year. congress must act by january 1st in order to avoid the automatic tax increases and spending cuts. >>> happening right now, a court hear something underway. a bankruptcy judge is expected to decide on a motion to allow hostess to liquidate. the hearing comes after hostess failed to reach a deal with its striking bakers union. more than 18,000 people are expected to lose their jobs if hostess goes out of business. >>> well, the labor department released the weekly job report a dayer -- a day early. first-time claims for unemployment bennetts fell. the number is still higher -- benefits fell. the number is still higher than expected because of hurricane sandy. 410,000 filed -- filed for benefits. >>> and when the giants will' tickets will be -- and when the giants' tickets will be going on sale. >>> and sal is coming back one more wednesday morning commute check for the before the thanksgiving holiday. -w
the so-called fiscal cliff. bernanke says without a deal, the fiscal cliff could trigger a recession next year. congress must act by january 1st in order to avoid the automatic tax increases and spending cuts. >>> happening right now, a court hear something underway. a bankruptcy judge is expected to decide on a motion to allow hostess to liquidate. the hearing comes after hostess failed to reach a deal with its striking bakers union. more than 18,000 people are expected to lose their...
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cliff. they will discuss how to avert a series of tax increases and spending cuts due to begin in january. there's been little evident progress in talks between the white house and lead gop negotiator, house speaker boehner. >>> if you the past few days wishing you lived somewhere that has power ball, you may get your wish. california may be getting in on the big game, already played in 42 other states. lottery officials meet today and are expected to regulations to join power ball on the heels of staggering jackpot of 579 million dollars. two winners, arizona and misery -- arizona and missouri. >>> 5:36. let's see what is going on with the weather. . >>> good morning. up in the north bay, clover lake, clear lake, dry creek road light showers will continue to increase throughout the afternoon south afternoon novato into san rafael, light showers, lucas valley road, damp, winds are breezy this is in advance of this next system, look at this these thunderstorms offshore, these are going to sta
cliff. they will discuss how to avert a series of tax increases and spending cuts due to begin in january. there's been little evident progress in talks between the white house and lead gop negotiator, house speaker boehner. >>> if you the past few days wishing you lived somewhere that has power ball, you may get your wish. california may be getting in on the big game, already played in 42 other states. lottery officials meet today and are expected to regulations to join power ball on...
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--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading u.s. credit for the first time in history. without a new deal on january 1st tax hikes will kick and very 661 billion for next year alone and that includes the expiration of the so-called must tax cuts. -- the bush americans will start to feel those with the first paychecks of the new year arrive. sequester kicks in january 2nd and those cuts amount to $78 billion next year. several companies with government contracts of already pulled back on hiring. some have slowed work. most americans will not truly feel the effects of these sequestered until the middle of next year. layoffs are
--cliff >> when you look at the fiscal cliff from far away it looks like a drop. it is more like a staircase. the debt ceiling is how this all began and it is the total amount the government can borrow to meet its existing obligations. we headed at the end of 2012, though the fall can be avoided toe 2013. the treasury department deems that extraordinary measures. in 2011 house republicans refused to raise the debt ceiling. without an agreement the result was a debacle. as a downgrading...
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Nov 21, 2012
11/12
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cliff. the dow took a hit from hewlett which fell to a low after announcing it took a nearly $9 billion loss due to accounting issues. we do get data out today on unemployment, manufacturing and consumer sentiment. the dow slipping about seven points s points. the nasdaq inched up in yesterday's trade. hostess brand is moving forward with plans to go out of business after last-minute talks with striking workers failed. the two sides were pressed into mediation by a bankruptcy judge in an effort to save more than 18,000 jobs. a court hearing resumes today in new york. hostess which makes twinkies will ask the judge to approve a plan to liquidate the 82-year-old company. back to you. >> all right, have a great thanksgiving. >>> it may be a few days for john mcafee. he is a person of interest in the murder of his neighbor in his adopted home of belize. he said he's run into some kind of trouble, doesn't say what, and he has to move, he says, to a new location. he doesn't actually update the blo
cliff. the dow took a hit from hewlett which fell to a low after announcing it took a nearly $9 billion loss due to accounting issues. we do get data out today on unemployment, manufacturing and consumer sentiment. the dow slipping about seven points s points. the nasdaq inched up in yesterday's trade. hostess brand is moving forward with plans to go out of business after last-minute talks with striking workers failed. the two sides were pressed into mediation by a bankruptcy judge in an effort...
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Nov 25, 2012
11/12
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cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in the east had to shut down and sales of new homes may have been hurt in the final week of the month. >>> automakers show off their new models this week. we'll see the new chevy spark. fiat's electric car and dozens of other vehicles. that's all at the los angeles auto show. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." coming up, what you need to know before you buy toys this christmas. we'll show you which toys to avoid. >>>
cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in...
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Nov 29, 2012
11/12
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KRON
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that fiscal cliff we talk about. the nasdaq just 24. the s&p 500 rose roughly 11 for it. the future of the dollar bill will be the topic of discussion on capitol hill today. the government accountability office will again try to convince the u.s. by switching from bills to more durable corns makes more sense. this would be the first time the g l made the change--would not be the first time. dollar bills are considered to be easier and led to carry. >> 507 $9 million power of jackpot winning tickets were sold in missouri and arizona. they matched all six numbers. they have no information on the winter. the will of elsewhere in when it was sold at a news conference today. someone is now million dollars richer during an interview with fortune mayor explain " we literally are moving the company from blackberries to smart phones. one of the really important for ya hoo as strategy is mobile. that is why they are moving forward. >> we will take a quick break we will be back with more headlines. the time is 4:12. we have a lot of wet weather still to our north of that is headed o
that fiscal cliff we talk about. the nasdaq just 24. the s&p 500 rose roughly 11 for it. the future of the dollar bill will be the topic of discussion on capitol hill today. the government accountability office will again try to convince the u.s. by switching from bills to more durable corns makes more sense. this would be the first time the g l made the change--would not be the first time. dollar bills are considered to be easier and led to carry. >> 507 $9 million power of jackpot...
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Nov 27, 2012
11/12
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KPIX
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cliff." if they don't reach a deal by the end of the year, tax hikes and across the board budget cuts will automatically kick in. susan mcginnis has more on today's efforts to get democrats and republicans a little closer together. >>> reporter: president obama will begin a media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue, fellow democrat senator dick durbin will give what's being called a major speech laying out a case for a bipartisan deal. durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we'r
cliff." if they don't reach a deal by the end of the year, tax hikes and across the board budget cuts will automatically kick in. susan mcginnis has more on today's efforts to get democrats and republicans a little closer together. >>> reporter: president obama will begin a media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue,...
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Nov 27, 2012
11/12
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KGO
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. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be part of the discussion. >>> do you think you are paying -- >>> good morning. home prices continue to climb nationwide up 3% in september compared to a year ago. in the san francisco area it was 7 1/2% compared to a year ago. meantime, watch for your landlord to jack up rent. recents are up 4.1% this year, watch for rents to go up 4.6% next year and 4.7 the year after. zillow buying hot pads for 16 million dollars, has 19 employees will stay in san francisco, zillow says the move will help it increase the number of leads it sends to landlords. watching ebay today, shares slightly lower stock hit a nearly e
. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be...
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Nov 27, 2012
11/12
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KGO
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cliff. automatic tax hike and spending cuts for all americans unless congress and the president can reach compromise. biggest obstacle of no tax increases of any kind signed by most republicans. grover norquist is behind that pledge and has convinced thousands of republicans to sign in exchange for helping them get reelected. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >> president has made clear he will not sign a bill that extends the bush era tax cuts for those making more than $250,000. >> some republicans open to breaking the say they will did it by closing tax loopholes they say entitlement reform has to be part of the discussion. >>> general motors has its eye on california to lunch a new electric car model. -- to launch a new electric car model. >>> an all-electric version of the chevy spark next summer starting in california and oregon nor less than $25 thaw -- $25,000, a
cliff. automatic tax hike and spending cuts for all americans unless congress and the president can reach compromise. biggest obstacle of no tax increases of any kind signed by most republicans. grover norquist is behind that pledge and has convinced thousands of republicans to sign in exchange for helping them get reelected. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >>...
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Nov 23, 2012
11/12
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KPIX
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if congress doesn't reform taxes and avoid the "fiscal cliff" at the end of the year your tax bill could rise by the thousands. in years past, congress exempted most middle class and low-income families from something called the alternative minimum tax. if they don't renew that exemption, a family with two children making $90,000 a year could owe an extra $3,000 in taxes. >> we are going to see lots and lots of everyday people get caught. >> reporter: also on the chopping block a tuition credit for parents who have kids in college. in certain brackets if you have two students paying tuition, you could lose a $5,000 credit. that's $5,000 out of your spending money. >> plan for difficult times. taxes are going up. so what do you do? if you're spending every dollar you're making now and your taxes go up, do you go in debt? or do you adjust your spending? >> reporter: those are just a few examples of what is at stake here. while congress has until the end of the year to solve some of these problems, the uncertainty is really affecting almost everyone. not knowing makes it difficult to playfo
if congress doesn't reform taxes and avoid the "fiscal cliff" at the end of the year your tax bill could rise by the thousands. in years past, congress exempted most middle class and low-income families from something called the alternative minimum tax. if they don't renew that exemption, a family with two children making $90,000 a year could owe an extra $3,000 in taxes. >> we are going to see lots and lots of everyday people get caught. >> reporter: also on the chopping...
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Nov 26, 2012
11/12
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KTVU
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. >>> there is talk of compromise tonight on capitol hill to avoid the fiscal cliff. republican senator lindsey graham says he may break his pledge to anti-tax lobbyist grove norquist. >> i'm willing to generate revenue. we're below historic advantages. i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a second face- to-face meeting with president obama as soon as this week. >>> also in washington republican senator john mccain backed off from fiery criticism of un un ambassador susan rice about the attack in libya. >> i think she deserved the ability to explain herself and her position as she said, but she is not the problem. the prose problem i
. >>> there is talk of compromise tonight on capitol hill to avoid the fiscal cliff. republican senator lindsey graham says he may break his pledge to anti-tax lobbyist grove norquist. >> i'm willing to generate revenue. we're below historic advantages. i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the...